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Journal Article
Labor market globalization in the recession and beyond
Two types of immigration, physical (immigration that brings the workers to the work) and virtual (immigration that moves the work rather than the workers, involving the long-distance delivery of services), have contributed to globalization of the labor force over the past quarter century. In the past two years, recession has spread to most parts of the world, slowing or even reversing globalization's momentum. The slowdown has taken a toll on both physical and virtual immigration. In recovery, the long-term factors supporting cross-border integration of trade, finance and labor are likely to ...
Journal Article
The saving grace
Many economists agree that a country's rate of saving can be a key factor in the growth rate and living standards the country achieves. Analysts are less certain about which factors have positive and negative influences on saving, what role government should have in creating a better environment for saving, and the extent to which a country can offset the effects of low domestic saving by tapping into other countries' savings. ; Economists, bankers, and officials discussed these and other aspects of saving earlier this year at a symposium sponsored by the Federal Reserve Bank of Dallas. ...
Journal Article
China and India: two paths to economic power
The two Asian giants have achieved rapid and sustained growth -- China by focusing on goods, India by tilting toward services.
Journal Article
Regulatory and monetary policies meet \\"too big to fail\\"
In 2010, the U.S. economy has been showing signs of pulling out of its tailspin. But questions remain about why it took so much monetary policy firepower to deal with the crisis.
Journal Article
Women at work: a progress report
Throughout history, much of women?s work has taken place in the home rather than in the marketplace. Recent generations of women, however, have been more likely to work in the formal economy, particularly in the United States and other developed countries.
Journal Article
The upside of downsizing